Sivia Capital Partners LLC Has $258,000 Stock Holdings in Deere & Company (NYSE:DE)

Sivia Capital Partners LLC raised its stake in Deere & Company (NYSE:DE) by 15.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549 shares of the industrial products company’s stock after buying an additional 72 shares during the period. Sivia Capital Partners LLC’s holdings in Deere & Company were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in Deere & Company by 39.1% in the 4th quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 1,278 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Deere & Company in the 4th quarter valued at approximately $247,000. Vest Financial LLC increased its position in Deere & Company by 8.9% in the 4th quarter. Vest Financial LLC now owns 2,211 shares of the industrial products company’s stock valued at $937,000 after acquiring an additional 181 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Deere & Company by 32.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,507 shares of the industrial products company’s stock valued at $2,333,000 after acquiring an additional 1,343 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Deere & Company by 20.8% during the fourth quarter. Empowered Funds LLC now owns 16,935 shares of the industrial products company’s stock valued at $7,175,000 after acquiring an additional 2,915 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DE. Melius Research raised shares of Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday. Barclays lifted their target price on Deere & Company from $475.00 to $530.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Baird R W cut Deere & Company from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Evercore ISI lifted their price objective on Deere & Company from $455.00 to $493.00 and gave the stock an “in-line” rating in a research note on Monday, May 19th. Finally, Truist Financial upped their target price on Deere & Company from $546.00 to $619.00 and gave the company a “buy” rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $515.19.

Deere & Company Price Performance

Deere & Company stock opened at $519.62 on Monday. The stock has a market capitalization of $140.73 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.14 and a beta of 1.09. Deere & Company has a 52-week low of $340.20 and a 52-week high of $533.78. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The stock’s 50 day moving average price is $479.20 and its two-hundred day moving average price is $466.58.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. Deere & Company’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.53 EPS. On average, equities analysts predict that Deere & Company will post 19.32 earnings per share for the current year.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.25%. Deere & Company’s dividend payout ratio is currently 31.35%.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.